Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson Sells 76,256 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 76,256 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,293,017.92. Following the completion of the sale, the executive now owns 78,363 shares of the company’s stock, valued at $2,356,375.41. This trade represents a 49.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Scott Stanley Erickson also recently made the following trade(s):

• On Tuesday, December 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $29.07, for a total value of $113,082.30.

Clearwater Analytics Trading Up 4.7 %

Shares of CWAN stock opened at $31.35 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The stock has a fifty day moving average of $28.03 and a two-hundred day moving average of $27.18. The firm has a market capitalization of $7.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 8.23 and a beta of 0.72.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. As a group, research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CWAN. UBS Group upped their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley restated an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday. The Goldman Sachs Group upped their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.80.

Institutional Trading of Clearwater Analytics

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after buying an additional 468 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics in the third quarter valued at $45,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $57,000. Financial Management Professionals Inc. acquired a new stake in shares of Clearwater Analytics during the third quarter worth $58,000. Finally, R Squared Ltd acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $80,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.